Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Lifted to Hold at StockNews.com

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other analysts have also issued research reports about the company. Stephens upped their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, Piper Sandler lifted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Performance

Home Bancshares, Inc. (Conway, AR) stock opened at $27.16 on Friday. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $28.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $5.44 billion, a P/E ratio of 14.00 and a beta of 1.05. The firm’s fifty day moving average price is $26.97 and its 200-day moving average price is $25.40.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Home Bancshares, Inc. will post 2.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in Home Bancshares, Inc. (Conway, AR) by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 1,460 shares during the last quarter. Tectonic Advisors LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 7.2% during the 3rd quarter. Tectonic Advisors LLC now owns 60,003 shares of the financial services provider’s stock valued at $1,625,000 after acquiring an additional 4,004 shares during the period. Dakota Wealth Management purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the third quarter worth about $208,000. International Assets Investment Management LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after purchasing an additional 1,253,259 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.9% during the third quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock valued at $87,789,000 after purchasing an additional 28,604 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

About Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.